When the Commerce Department reported Wednesday on the economic growth of certain metropolitan areas across the U.S. in 2014, The Wall Street Journal was quick to note a common theme among these boomtowns: the energy sector! All of them are major centers for mining and other energy-related natural resources.
So it’s not surprising that half of the top 16 cities on the list are in Texas.
Holding the top slot is Midland, which saw its economy grow 24.1% from 2013 to 2014, sunstantially driven by mining. It’s the same story in nearby San Angelo, which is next on the list with 11.4% growth.
Of course, one of the main reasons that people relocate is for work, so you might want to check out our list of median-price homes in the top 10 cities with the fastest-growing economies.
Economic growth 2013–2014: 21.4%
Median salary (in 2014, from the U.S. Census): $55,814
Median list price (from realtor.com August 2015 data): $250,000
This four-bedroom, two-bathroom home boasts an open floor plan, a patio for entertaining, and even a workshop/storage shed out back. And it’s listed exactly at the median price for the area, $250,000.
Economic growth: 11.4%
Median salary: $43,143
Median list price: $194,000
You’re definitely getting a whole lot for your money ($195,000) with this four-bedroom, 2.5-bathroom home that sprawls over 2,244 square feet. There’s a nice flagstone patio for your barbecue parties, and an enclosed patio when the weather isn’t so nice.
Economic growth: 10.3%
Median salary: $76,395
Median list price: $192,000
This adorable three-bedroom, two-bathroom cottage has style to spare. It’s recently been updated, while preserving the original red oak wood floors. Like the furniture? Hey, it’s yours! List price: $195,000.
Economic growth: 9.9%
Median salary: $96,803
Median list price: $298,000
Here’s a grandiose four-bedroom, three-bathroom home that features an open floor plan and 16-foot ceilings downstairs. There’s a granite kitchen island and wood floors, plus it’s all energy-efficient with green-certified construction. List price: $290,000.
Economic growth: 9.5%
Median salary: $58,775
Median list price: $112,000
You get three bedrooms, one bathroom and a grassy yard for kids, dogs, and guests to enjoy. What more could you want for $112,000?
Economic growth: 8.5%
Median salary: $59,530
Median list price: $272,000
This four-bedroom (or five, if a study counts), 2.5-bathroom home listed at $272,000 features “updates galore,” according to the listing. They include crown molding, wood floors, granite counters, and—in true Dallas style—much more.
Economic growth: 7.6%
Median salary: $63,356
Median list price: $294,000
Four bedrooms, three bathrooms, and four levels?! There’s a charming porch, a brick fireplace, and plenty of space (2,309 square feet) for $294,000.
Economic growth: 6.7%
Median salary: $50,107
Median list price: $236,000
Its location on a corner lot means this four-bedroom, two-bathroom home sits on 9,148 square feet of land that could be yours for $234,000 (less than median list price!). A vaulted ceiling gives the main level a spacious feel, and there’s even an upstairs loft that would work as an office.
Economic growth: 6.7%
Median salary: $96,481
Median list price: $878,000
In the “capital of Silicon Valley,” this three-bedroom, two-bathroom home features Brazilian walnut floors, a remodeled kitchen with granite counters, and high-end appliances. Total square footage is 1,320, and the price tag is $878,000. Too pricey? Go back to Texas! We won’t hold it against you.
Corpus Christi, TX
Economic growth: 6.5%
Median salary: $52,050
Median list price: $238,000
Ah, four bedrooms, 2.5 bathrooms, and 2,153 square feet of living space for $238,000. Maple cabinets and granite counters in the kitchen, dual showerheads in the master bathroom, and a walk-in master closet with built-in drawers is livin’ large, indeed.